Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP boosted its position in shares of Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 1,079.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 66,888 shares of the bank's stock after acquiring an additional 61,217 shares during the quarter. Two Sigma Investments LP's holdings in Shinhan Financial Group were worth $2,199,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SHG. SG Americas Securities LLC acquired a new stake in shares of Shinhan Financial Group in the fourth quarter worth $333,000. Yousif Capital Management LLC lifted its holdings in shares of Shinhan Financial Group by 514.6% in the 4th quarter. Yousif Capital Management LLC now owns 47,176 shares of the bank's stock valued at $1,551,000 after buying an additional 39,500 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Shinhan Financial Group by 29.9% in the fourth quarter. V Square Quantitative Management LLC now owns 23,346 shares of the bank's stock worth $761,000 after buying an additional 5,373 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Shinhan Financial Group during the fourth quarter worth about $43,000. Finally, NewEdge Wealth LLC raised its position in Shinhan Financial Group by 6.5% during the fourth quarter. NewEdge Wealth LLC now owns 104,657 shares of the bank's stock valued at $3,441,000 after acquiring an additional 6,369 shares in the last quarter. Hedge funds and other institutional investors own 7.76% of the company's stock.

Shinhan Financial Group Price Performance

Shares of Shinhan Financial Group stock traded down $0.45 during trading hours on Thursday, reaching $42.85. The stock had a trading volume of 233,049 shares, compared to its average volume of 182,744. The stock's 50 day moving average is $35.65 and its 200 day moving average is $34.90. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group Co., Ltd. has a twelve month low of $28.76 and a twelve month high of $46.05. The firm has a market capitalization of $21.25 billion, a PE ratio of 6.73, a PEG ratio of 0.44 and a beta of 0.84.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share for the quarter. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The firm had revenue of $2.82 billion during the quarter. Equities analysts expect that Shinhan Financial Group Co., Ltd. will post 5.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a report on Monday, May 19th.

Shinhan Financial Group Profile

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.